603 Baldwin Ave APT BSafety HarborFL34695
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Safety Harbor at 603 Baldwin Ave APT B, Safety Harbor, FL, 34695 uses $74,588 cash to close to unlock $1,057/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $1,581/mo, and a $1,101/mo payment keeps the spread at $88/mo. Purchase price stands at $225,000, and rental yield measures 8.43% with $1,581/mo rent. Return on cash invested shows 21.33% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 111.09% and total cumulative return in cash records $82,857. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,581/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34695, Safety Harbor, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,553 (100%) |
| Owner Occupied HU | 6,746 (78.9%) |
| Renter Occupied HU | 1,244 (14.5%) |
| Vacant Housing Units | 563 ( 6.6%) |
| Median Home Value | $482,759 |
| Average Home Value | $517,301 |
Housing Distribution
Address Breakdown
Residential
8,198
Single Family
8,060
Multi-Family
138
Businesses
760
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Listed by: Gloria Mann • RENAISSANCE REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #TB8424730